Best Financial Advisors in Southaven

Find top-rated local financial advisors who can help you achieve your financial goals with personalized strategies and expert guidance.

Find an Advisor Estimated Advisor Fees
50+
Advisors
4.5/5.0
Average Rating

Southaven Financial Landscape

As a suburb of Memphis, Southaven benefits from its proximity to a major metropolitan area, fostering economic growth. The city is characterized by a diverse economy with retail, healthcare, and logistics as key sectors.

Major industries
Retail, Healthcare, Logistics
Population
50.9K (metro: 1.3M)
Median household income
$66,000
Unique needs
Southaven needs to address infrastructure improvements and housing affordability to support its growing population.
Market Insights
Economic Growth
According to BEA (2023), Southaven's economy has seen a steady growth rate of 3.5% over the past year, driven by retail and logistics sectors.
Wealth Demographics
According to Census (2023), the median income in Southaven is $66,000, reflecting a diverse economic base and stable job market.
Advisor Specializations
Based on BLS (2023), financial advisors in Southaven are increasingly specializing in retirement planning and investment strategies for middle-income families.
Local Considerations
Cost of Living
According to BLS (2024), Southaven's cost of living is approximately 10% lower than the national average, making it an attractive place for families.
Real Estate Market
According to Zillow (2024), the Southaven real estate market has seen a 5% increase in home prices over the past year, indicating strong demand.
Business Environment
According to Fortune (2024), Southaven's business climate is favorable, with incentives for small businesses and a supportive local government.

Top 5 Financial Advisors in Southaven

Edward Jones - Financial Advisor: Matthew J Kelso, ChFC®|ABFP®|AAMS®|CRPC™
★ ★ ★ ★ ★ 5
Fairley Wealth Management Group
★ ★ ★ ★ ★ 5
GIVENS LPL FINANCIAL
★ ★ ★ ★ ★ 5
Moore's Financial Group
★ ★ ★ ★ ★ 5
Crandall Craigen: Primerica - Financial Services
★ ★ ★ ★ ★ 5
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How to Choose the Right Financial Advisor

When selecting a financial advisor in Southaven, consider these essential factors

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Fiduciary Standard
Prioritize advisors who commit to acting as fiduciaries 100% of the time, legally obligating them to put your interests first.
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Southaven-Specific Expertise
For Southaven residents working in Retail, Healthcare, Logistics, consider advisors with specific experience in your industry's unique compensation and benefit structures.
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Fee Structure Transparency
Understand how your advisor is compensated—whether through fees, commissions, or a combination—and how this might influence their recommendations.
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Credentials
Seek advisors with recognized credentials such as CFP®, CFA, or ChFC designations, indicating advanced training and ethical standards.
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Communication Style
Choose an advisor whose communication approach matches your preferences regarding frequency, detail, and method of interaction.
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Risk Management Focus
Southaven's retail focus poses risks from e-commerce trends. Housing market growth may lead to affordability issues. Monitor tornado and flooding risks while diversifying the economy.

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